The Need for Risk Management and Mitigation by Business Organisations as a Consequence of Uncertainty and Instability in Today’s International Markets Cover Image

Potrzeba zarządzania ryzykiem działalności i jego mitygacji przez podmioty gospodarcze
The Need for Risk Management and Mitigation by Business Organisations as a Consequence of Uncertainty and Instability in Today’s International Markets

Author(s): Jacek Pera
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
Keywords: business risk; mitigation; process; uncertainty

Summary/Abstract: Potrzeba zarządzania ryzykiem działalności i jego mitygacji przez podmioty gospodarcze jako konsekwencja niepewności i niestabilności współczesnych rynków międzynarodowych The purpose of this paper is to formulate the problem of managing and mitigating the risks involved in the activities of business organisations operating in both domestic and international markets in the light of the fact that international markets are unstable. In the absence of coherent, unified and widespread mitigation mechanisms at the level of national economies and in the face of the speculative strategies being commonly adopted by businesses, international financial markets are becoming increasingly turbulent and companies must cope with rising expenses. Risk management should be a comprehensive process involving all aspects of the company’s business. It can be defined as taking a proactive approach to any potential risks and choosing an appropriate strategy for a given company to minimise the dangers it may face.

  • Issue Year: 902/2013
  • Issue No: 02
  • Page Range: 37-51
  • Page Count: 15
  • Language: Polish